Freight Transport Market is Expected to Rise at a Remarkable CAGR During 2016 to 2024

Freight transportation is the process of conveying various types of goods at long distance using a variety of transport modes. The transport of freight includes road solutions, air deliveries and waterways to transfer fright from one point to another. Intelligent transportation system technologies provide real-time travel information to improve the performance of operator and vehicles. One of the main benefits of transportation is that it enables regional specialization in the production of goods. Different companies are trading at international level requiring more flexible high capacity and safer transportation services.

Rapidly growing urbanization coupled with infrastructural development and construction activities are major factors bolstering the growth of the freight transportation market. In addition, technical advancement to provide better transportation services is expected to boost market growth over the forecast period. However, scarcity of expertise and reluctance in adopting new ways of transportation services expected to hamper the market growth over the forecast period.

The report covers forecast and analysis for the freight transport market on a global and regional level. The study encompasses a market attractiveness analysis, wherein segments are benchmarked based on their market size, growth rate and general attractiveness. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the cheese market has also been included.

Freight TransportMarket: Segmentation

The freight transport market can be segmented on the basis of modes into roadways, railways, airways and seaways. Based on solutions, the market can be segmented into freight mobility solution, freight security, monitoring system, freight operational management solutions, freight 3PL solution, freight transportation cost management and others. Business services, managed services, system integrators and others are the key services include in freight transport market. On the basis of verticals, the freight transport market can be classified into automotive, retail and consumer, aerospace and defense, energy, healthcare and pharmaceutical and others.

Freight TransportMarket: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. Asia Pacific is dominated region for freight transport market. With increasing population in the Asia Pacific region especially China, Japan and India has boost up the demand for freight transport and expected to fuel market growth in this region. Asia Pacific expected to exhibit fastest growth followed by Europe in 2015. North America is expected to be leading region in the freight transport market over the forecast period.

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